NEW ORLEANS--(BUSINESS WIRE)--Feb 11, 2019--ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until February 12, 2019 to file lead plaintiff applications in a securities class action lawsuit against XPO Logistics, Inc. (NYSE: XPO). Investor losses must relate to purchases of the securities between February 26, 2014, and December 13, 2018. This action is pending in the United States District Court for the Southern District of New York.

On December 13, 2018, Spruce Point Capital reported that its investigation into XPO revealed “concrete evidence to suggest dubious tax accounting, under-reporting of bad debts, phantom income through unaccountable M&A earn-out liabilities, and aggressive amortization assumptions: all designed to portray glowing ‘Non-GAAP’ results” and “financial irregularities [covering] growing financial strain.”

On this news, the price of XPO’s shares plummeted $15.77 per share, or 26.17%.

The first case filed is Labul v. Xpo Logistics, Inc., 18-cv-02062.

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